Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.4 ounces 0.5 hours 0.5 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $ 12.80 $ 7.50 $ 1.00 Standard Price or Rate $ 2.00 per ounce $ 15.00 per hour $ 2.00 per hour The company reported the following results concerning this product in February Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 5,100 units 6,000 units 33,400 ounces 1,860 hours 35,800 ounces $ 47.10 per ounce $ 37.60 per hour $ 5.60 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for February is